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3 Stocks to Sell Before Winter Comes

We’re wrapping up Q3 earnings, and investors are starting to focus on Q4 happenings – which may cause some anxiety, considering recent history. Last year, Q4 saw a 9% collapse in the S&P 500, the worst market drop since the Great Depression. Michael Wilson, equity strategist with Morgan Stanley, sees a definite possibility for a repeat, especially in light of the ongoing US-China trade war: “The bottom line is that without a significant roll-back of existing tariffs, we don’t see [a change in] the currently negative trajectory of growth in both the economy and earnings.”If Wilson is right, then now …read more […]

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Teva’s Links to Opioid Epidemic May Triple Funding Costs

(Bloomberg) — Teva Pharmaceutical Industries Ltd’s may pay triple its usual borrowing costs for its planned $1.5 billion bond sale as investors demand more for holding its debt on account of its links to the U.S. opioid epidemic, according to investors approached about the deal.The Israel-based drugmaker is meeting with debt investors in London and New York this week for its first debt issue since being hit early this year with billions of dollars in potential liabilities from lawsuits. Bankers marketing the January 2025 U.S. and euro-denominated non call notes are targeting yields of around 8% and 6% respectively, according …read more […]

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Disney+ available in U.S.

The streaming service went live in the U.S., Canada and Netherlands with some Android users having difficulty opening the app. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, Dan Roberts and Wedbush Securities Dan Ives discuss on The First Trade. …read more […]